U.S. Sanctions Major Russian Timber Supplier

The U.S. Treasury Department sanctioned the parent company of Segezha, one of Russia’s largest wood product suppliers, on Nov. 2, Earthsight reported.

The sanctioning of Segezha prohibits U.S. firms from purchasing its wood and plywood products. Unlike the European Union and United Kingdom, the U.S. has yet to implement a total ban on wood products imported from Russia since its invasion of Ukraine.

Segezha’s largest shareholder is Vladimir Yevtushenkov, an advisor to Russian President Vladimir Putin.

Ukraine, which was invaded by Russia in February 2022, has continued to advocate for an all-out ban on Russian imports in the U.S.

Page 1 of 793
Next Page
Resource Book
Looking for a specific product or a company? Wood Floor Business has the only comprehensive database of the industry.
Learn More
Resource Book
Podcasts
All Things Wood Floor, created by Wood Floor Business magazine, talks to interesting wood flooring pros to share knowledge, stories and tips on everything to do with wood flooring, from installation, sanding and finishing to business management.
Learn More
Podcasts